Investment Strategy Analyst

City National Bank; City of Rochester (NY); On-site; USD 111,000 - 175,000; Full time

Job summary

City National Bank in New York seeks an Investment Strategy Analyst to join the CIO Office and Investment Management Group. You will produce macroeconomic and market research, create content for marketing and asset allocation decisions, and support portfolio positioning.

The role emphasizes turning data and insights into clear charts, presentations, and written briefs for committees, advisors, and clients, while maintaining data provenance and ensuring accuracy.

Qualifications

• Bachelor's Degree or equivalent.
• 1–4 years of experience in multi-asset class asset allocation, investment research, or investment strategy.
• Demonstrated interest in asset allocation, equity and fixed income markets and macro conditions.
• Comfort using modern analytical and AI-assisted tools to accelerate research, data work, and drafting, with verification of outputs.
• Familiarity with Bloomberg and FactSet.
• Proficiency in Microsoft Excel, PowerPoint, and Word.

Responsibilities

• Conduct macroeconomic and market research across U.S. and global data.
• Analyze equity, fixed income, currencies, and macro data to inform asset allocation.
• Convert research into digestible content: charts, presentations, webinars, and written materials.
• Draft market commentary for Investment Strategy Committee, portfolio managers, advisors, and clients.
• Maintain data provenance and automated datasets; support recurring materials (weekly, monthly, quarterly, annual).
• Build charts and templates with a consistent style; ensure language consistency across viewpoints.

Skills

Writing

Analytical thinking

Macro research

Data storytelling

Education

Bachelor's Degree or equivalent

Master's degree preferred

Tools

Bloomberg

FactSet

Excel

PowerPoint

Word

Python

R

SQL

VBA

Job description

INVESTMENT STRATEGY ANALYST

WHAT IS THE OPPORTUNITY?

The Investment Strategy Analyst supports the CIO Office / Investment Management Group in content creation, macroeconomic and market research, and asset allocation analysis. The role sits close to the center of the investment process where efforts will support asset allocators. The primary focus will be twofold: to assist in analyzing the economy and markets and to generate content supporting both the marketing effort and asset allocation efforts

WHAT WILL YOU DO?

Macroeconomic and Market Research

• Track and analyze U.S. and global economic and market data.
• Topics include but not limited to: U.S. and non-U.S. equity markets, U.S. and Non-U.S. macroeconomic data, fixed income markets, global business cycles, market themes, currency dynamics and more.
• Assist in identifying shifts in macro regime.
• Assist in linking analyzed economic and market data to asset allocation / multi asset-class portfolio positioning for decision makers

Investment Content Creation

• Convert current macroeconomic data, research, and analysis findings into easily digestible/consumable multi-media content; including but not limited to charts, presentations, webinars, written (both short and long form) material and scripts.
• Draft market commentary in plain, precise language, and tailor the same message for the Investment Strategy Committee, portfolio manager, advisor, and client (retail and institutional) audiences, all with varying levels of market sophistication.
• Maintain / create clean, well-documented, extensible, and automated datasets, chart libraries, and presentations.
• Support current production of and contribute to new recurring materials: weekly, monthly, quarterly, annually, and ad hoc.
• Build charts to a consistent style and maintain a reusable library of exhibits and templates.
• Maintain full data provenance so every conclusion can be traced back to its source.
• Help maintain narrative consistency, by tracking prior views and language.

Multi-Asset Portfolio Analysis Support

• Help connect macroeconomic conclusions to asset-class views and portfolio positioning in materials.
• Assist in analysis of asset allocation and multi-asset portfolio construction: asset allocation reviews, valuation and positioning comparisons, and performance and risk inputs across equities, international equities, and fixed income.
• Provide inputs to asset allocation reviews, including valuation, earnings, yield, and spread data across equities, international equities, and fixed income.
• Help assess how current positioning lines up with the current and expected macro backdrop.

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications*

• Bachelor's Degree or equivalent
• 1–4 years of experience in multi-asset class asset allocation, investment research, or investment strategy. Recent graduates with relevant internship experience in financial services will be considered.
• Demonstrated interest in asset allocation, equity and fixed income markets and how macroeconomic conditions affect them
• Comfort using modern analytical and AI-assisted tools to accelerate research, data work, and drafting, together with the judgment to verify every output before it is used
• Familiarity with Bloomberg and FactSet
• Proficiency in Microsoft Excel, PowerPoint, Word

Additional Qualifications

• Master's degree preferred
• Understanding/fundamental knowledge of macroeconomics and how it transmits to asset allocation equity and fixed income markets. Additionally, familiarity with basic econometric or time-series techniques
• Exposure to portfolio analytics concepts such as volatility, correlation, drawdown, and attribution
• Progress toward the Chartered Financial Analyst (CFA) designation
• Working knowledge of Bloomberg and FactSet
• Coding experience in Python, R, SQL, or VBA for data analysis and automation
• Concise, accurate, source-disciplined writing, with the ability to make complex investment concepts clear

WHAT'S IN IT FOR YOU?

Compensation

Starting base salary: $111,000 to $175,000 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks.

ABOUT US

Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.